The Periodicity Assumption States That the Economic Life of a Business

question 153

Multiple Choice

The periodicity assumption states that the economic life of a business can be divided into

• A)equal time periods.
• B)cyclical time periods.
• C)artificial time periods.
• D)perpetual time periods.

---

Definitions:

Organ Systems

Groups of organs that work together to perform complex biological functions within an organism, such as the digestive or respiratory system.

Tissues

Groups of cells with similar structure and function that work together to perform specific activities in the body.

Organs

Structures made up of different tissues that perform specific functions within an organism.

Molecules

The smallest units of a chemical substance that can exist independently while retaining the composition and chemical properties of the substance.